While the cryptocurrency craze is here to stay, fake apps are catching on fast. Google’s Play Store is riddled with fake mining apps, and a recent report by security company Lookout warns consumers to conduct research before installing a new crypto app. Be proactive, and read user reviews if an application claims to be legitimate. These scams may be hard to spot, but these tips will help you find a legitimate app in no time.
While there are some legitimate cloud mining apps available, there are many scams in the Play Store. Trend Micro’s investigation discovered that more than 120 cryptocurrency mining apps are fake. This means that the fakes are constantly trying to get their apps into the Play Store. The key is to do your homework and stick to the official Android store. This way, you can avoid falling victim to a fraudulent app. But how can you tell if a program is a scam?
When choosing a cryptocurrency mining app, keep these tips in mind. First of all, don’t be fooled by a high-profile app that uses your phone’s camera and microphone to collect your money. While it might sound appealing to be able to get a share of the cryptocurrency, it’s important to be careful. Often, a scammer will advertise that they will make you a profit.